123 Santander but no job

northwest1965

Can a 123 Santander account be opened if the applicant does not work?

Savings of £150k so can easily fund the £500 per month

Neil_Jones

Don't see why not if you have good credit, the £500 monthly pay in is low compared to a lot of banks but having some income (work or benefit) is preferable.

PeacefulWaters

Retired is usually a good occupation to put.

EachPenny

PeacefulWaters wrote: »

Retired is usually a good occupation to put.

Or 'Homemaker' or 'Housewife/husband' if younger

With savings of £150k you should have a reasonable income from that, even if you are not employed and don't have a pension income (yet).

colsten

EachPenny wrote: »

With savings of £150k you should have a reasonable income from that,

With an average of below 2% AER, interest on £150k could hardly be called a reasonable income.

EachPenny

colsten wrote: »

With an average of below 2% AER, interest on £150k could hardly be called a reasonable income.

Fair comment, but I meant in the context of the first reply which says "but having some income (work or benefit) is preferable".

In my experience having zero income can be a problem, but having an income from savings (however modest) means there is something to put in the 'income' box if you don't have a salary, pension or benefits.